The British pound rose significantly against the dollar, recovering almost all the previously lost positions today, which was due to the widespread weakening of the US currency and profit-taking after a sharp decline due to the results of a survey on the subject of the referendum.

Residents of the UK at the moment tend to need the country's exit from the European Union, according to the survey, which published today in the European media. Thus, 45% of respondents in favor of the UK out of the EU, while 41% opposed this step. Other respondents have not yet decided on the choice. The survey, conducted by the YouGov Institute, was attended by about 3.5 thousand. Man. At the same time, according to TNS online survey, 43% of respondents would vote for the exit from the EU, while 41% would vote for it to stay. 11% of respondents were undecided. 1213 people were interviewed. The referendum on Britain's membership of the EU was appointed on June 23.

Later this week, the focus will be on industrial production statistics and foreign trade, which is likely to point to the weakness of the British economy. Manufacturing probably felt the most strongly negative impact from the global challenges for the manufacturing sector and uncertainty about the outcome of the referendum on EU membership. Meanwhile, the trade deficit is likely to increase slightly. The reason for this is the weak support from external demand, the deterioration of the situation in the manufacturing sector and a referendum on Britain's membership of the EU.

The US dollar was down against the euro, approaching to the lowest level since May 12th. The main pressure on the currency had a statement of Fed Yellen. She noted that the outlook for the US economy is very uncertain. "Published on Friday employment data were disappointing, causing fear, but it is important not to attach special importance to only one employment report The overall situation in the labor market is quite positive should closely monitor for signs of a slowdown in the number of jobs..", - Added the head of the Fed . Moreover, Yellen said that the course of monetary policy is not determined, given the uncertainty about the future. "If the situation in the labor market improves, inflation close to the target level, it would be appropriate to raise rates gradually. If inflation remains low, the Fed can only take limited measures to stimulate in the background of almost zero interest rates. Now the soft monetary policy remains appropriate" - he explained Yellen.

Atlanta Fed President Dennis Lockhart said in an interview with Bloomberg Television on Monday that the Fed should wait until July before raising its interest rates further, noting that the U.S. weak labour market data for May and the referendum on Britain's membership in the European Union may weigh on the interest rate decision in June.

Atlanta Fed president also said that he expected two interest rate hikes this year.

Lockhart is not a voting member of the Federal Open Market Committee (FOMC) this year.

Boston Fed President Eric Rosengren said on Monday that the Fed should raise its interest rate further as the U.S. economy rebounded from the weak first quarter.

"Economic conditions will continue to gradually improve, which in turn would justify further actions to normalize policy, continuing a gradual return to a more normal interest rate environment," he said.

"I expect that the U.S. central bank will gradually normalize monetary policy as the three conditions set out in the April FOMC minutes are met," Boston Fed president added.

Rosengren is a voting member of the Federal Open Market Committee (FOMC) this year.

The Conference Board released its Employment Trends Index (ETI) for the U.S on Monday. The index declined to 126.81 in May from 128.53 in April. April's figure was revised up from 128.30.

Six of eight components decreased in May.

"The Employment Trends Index decreased in May. Its continued weakness suggests that job growth will remain modest in the coming months. Despite softening in the ETI, its recent decline is not nearly as large as those that have preceded past employment contractions," Chief Economist, North America, at The Conference Board, Gad Levanon, said.

The Bank of Italy downgraded its economic growth forecasts on Monday. Italy's economy is expected to expand 1.1% this year, down from the previous forecast of a 1.5% growth, 1.2% in 2017, down from the previous estimate of 1.4%, and 1.2% in 2018.

Inflation is expected to be flat this year, 0.9% in 2017 and 1.5% in 2018.

The European Central Bank (ECB) purchased €17.59 billion of government and agency bonds under its quantitative-easing program last week.

The ECB bought €973 million of covered bonds, and €66 million of asset-backed securities.

In May as whole, the central bank purchased €79.67 billion of government and agency bonds, €5.56 billion of covered bonds, and €17 million of asset-backed securities

The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion.

Markit Economics released its retail purchasing managers' index (PMI) for Eurozone on Monday. Eurozone's construction purchasing managers' index (PMI) rose to 50.6 in May from 47.9 in April.

A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.

Sales in Italy declined in May, while sales in Germany and France rose.

"The Eurozone Retail PMI moved into growth territory amid increases in sales across both Germany and France, although it was only the former where conditions improved more generally," an economist at Markit, Phil Smith, said.

Markit Economics released its retail purchasing managers' index (PMI) for Germany on Monday. Germany's retail PMI climbed to 54.0 in May from 51.0 in April.

The increase was driven by a rise in purchasing activity.

"Not only did the Retail PMI rise to one of its highest levels for a year, but companies also reported to have exceeded their sales targets for a second month running," an economist at Markit, Oliver Kolodseike, said.

USD/JPY 107.00 (USD 293m) 108.00 (434m) 108.70 (466m) 109.00 (1.07bln) 109.90-110.00 (563m) 110.50 (591m)

EUR/USD: 1.1000 (EUR 500m) 1.1100 (1.05bln) 1.1150 (398m) 1.1175 (318m) 1.1200 (1.03bln) 1.1250 (705m) 1.1300 (883m)

GBP/USD 1.4300 (GBP 190m) 1.4400 (287m) 1.4425 (250m) 1.4450 (181m)

AUD/USD 0.7100 (AUD 570m) 0.7170-75 (586m) 0.7200 (500m) 0.7250-55 (422m)

USD/CAD 1.2500 (USD 640m) 1.2800-10 (845m) 1.2850 (330m) 1.2900 (755m) 1.3000 (975m) 1.3050 (600m) 1.3100 (300m)

NZD/USD 0.6600 (NZD 394m)

AUD/NZD 1.0750 (AUD 350m)

Markit Economics released construction purchasing managers' index (PMI) for Germany on Monday. Germany's construction PMI decreased to 52.7 in May from 53.4 in April.

A reading above 50 indicates expansion in the sector.

The index was mainly driven by a softer growth in output and new orders.

"The upturn in Germany's building sector lost further momentum in May, with companies reporting the weakest expansion of construction activity for half a year," an economist at Markit, Oliver Kolodseike, said.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 Australia MI Inflation Gauge, m/m 0.1% -0.2%

01:30 Australia ANZ Job Advertisements (MoM) May -0.6% Revised From -0.8% 2.4%

06:00 Germany Factory Orders s.a. (MoM) April 1.9% -0.5% -0,2%

08:30 Eurozone Sentix Investor Confidence June 6.2 7.1 9.9

The U.S. dollar traded mixed to lower against the most major currencies ahead of a speech by the Fed Chairwoman Janet Yellen. Market participants will monitor her speech for hints for further monetary policy steps.

Market participants continued to eye Friday's U.S. labour market data. The U.S. economy added 38,000 jobs in May, missing expectations for a rise of 164,000 jobs, after a gain of 123,000 jobs in April. It was the smallest rise since September 2010. April's figure was revised down from a rise of 160,000 jobs.

The U.S. unemployment rate dropped to 4.7% in May from 5.0% in April, beating expectations for a fall to 4.9%. It was the lowest level since November 2007. The decline was driven by a fact that people dropped out of the labour force.

The euro traded mixed against the U.S. dollar after the release of the better-than-expected economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 9.9 in June from 6.2 in May, exceeding expectations for an increase to 7.1. It was the highest level since December 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Investors' perception brightens with regards to both current situation and expectation values," Sentix said in its statement.

The current conditions index was up to 9.8 in June from 7.0 in May. The expectations index climbed to 10.0 in June from 5.5 in May.

German investor confidence index rose to 20.7 in June from 18.3 in May.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders fell 0.2% in April, beating expectations for a 0.5% decrease, after a 2.6% rise in March. March's figure was revised up from a 1.9% increase.

The decline was driven by a drop in foreign orders. Foreign orders dropped by 4.3% in April, while domestic orders rose by 1.3%.

The British pound traded mixed against the U.S. dollar in the absence of any major economic data from the U.K.

According to a YouGov poll for ITV on Monday, 45% of Britons support Britain's exit from the EU, while 41% would vote for "Remain". YouGov surveyed 3,405 people.

According to a TNS online poll, 43% of respondents would vote for "Leave", while 41% would vote for "Remain". 11% of respondents were undecided. 1,213 people were surveyed.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

14:00 U.S. Labor Market Conditions Index May -0.9

16:00 U.S. Fed Chairman Janet Yellen Speaks

23:30 Australia AiG Performance of Construction Index May 50.8

EUR/USD

Offers : 1.1365 1.1380 1.1400 1.1420 1.1450 1.1465 1.1480 1.1500

Bids: 1.1330 1.1300 1.1285 1.1265 1.1250 1.1220 1.1200 1.1175 1.1150 1.1130 1.1100-10

GBP/USD

Offers : 1.4430 1.4450 1.4480 1.4500 1.4530 1.4550 1.4575-80 1.4600 1.4625-30 1.4650

Bids: 1.4400 1.4380 1.4365 1.4350 14330 1.4300-10 1.4280 1.4250 1.4200

EUR/GBP

Offers : 0.7900-10 0.7925-30 0.7950 0.7980 0.8000

Bids: 0.7865 0.7850 0.7830 0.7800 0.7760 0.7720 0.7700

EUR/JPY

Offers : 121.60 122.00 122.30 122.60 122.80 123.00 123.30 123.50 123.80 124.00

Bids: 121.00 120.80 120.50 120.00 119.00

USD/JPY

Offers : 107.20 107.50 107.80 108.00 108.30 108.50 108.85 109.00 109.20 109.50-60

Bids: 106.85 106.70 106.50 106.25-30 106.00-06 105.75 105.50 105.00

AUD/USD

Offers : 0.7350 0.7365 0.7385 0.7400 0.7430 0.7450

Bids: 0.7320 0.7300 0.7285 0.7365 0.7250 0.7225 0.7200

According to a TNS online poll, 43% of respondents would vote for "Leave", while 41% would vote for "Remain". 11% of respondents were undecided.

1,213 people were surveyed.

According to a YouGov poll for ITV on Monday, 45% of Britons support Britain's exit from the EU, while 41% would vote for "Remain".

YouGov surveyed 3,405 people.

The Melbourne Institute (MI) released its monthly inflation data for Australia on Monday. MI Inflation gauge for Australia declined 0.2% in May, after a 0.1% rise in April.

On a yearly basis, inflation gauge climbed 1.0% in May, after a 1.5% increase in April.

Prices for fruit and vegetables slid 4.1% in May, nondurable household products prices declined 2.2%, while prices for holiday travel and accommodation fell 1.0%.

The Australia and New Zealand Banking Group Limited (ANZ) released its job advertisements figures on Monday. Job advertisements climbed 2.4% in May, after a 0.6% fall in April. April's figure was revised up from a 0.8% drop.

The increase was mainly driven by a rise in internet job advertisements, which rose by 2.6% in May.

"After six months of broadly flat job ads, the strong rise in ads in May is encouraging. Despite some ongoing headwinds, the economy is tracking along quite well and the transition to nonmining activity is occurring," the ANZ Head of Australian Economics Felicity Emmett noted.

Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders fell 0.2% in April, beating expectations for a 0.5% decrease, after a 2.6% rise in March. March's figure was revised up from a 1.9% increase.

The decline was driven by a drop in foreign orders. Foreign orders dropped by 4.3% in April, while domestic orders rose by 1.3%.

New orders from the Eurozone rose 2.5% in April, while orders from other countries slid 8.3%.

Orders of the intermediate goods increased by 4.8% in April, capital goods orders were down 6.1%, while consumer goods orders fell 1.0%.

Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 9.9 in June from 6.2 in May, exceeding expectations for an increase to 7.1. It was the highest level since December 2015.

A reading above 0.0 indicates optimism, below indicates pessimism.

"Investors' perception brightens with regards to both current situation and expectation values," Sentix said in its statement.

The current conditions index was up to 9.8 in June from 7.0 in May.

The expectations index climbed to 10.0 in June from 5.5 in May.

German investor confidence index rose to 20.7 in June from 18.3 in May.

Fed Governor Lael Brainard said on Friday that the Fed should wait until the U.S. economy strengthens before raising its interest rates further, adding that the interest rate decision was data dependent.

"Recognizing the data we have on hand for the second quarter is quite mixed and still limited, and there is important near-term uncertainty, there would appear to be an advantage to waiting until developments provide greater confidence," she said.

Brainard noted that the U.S. labour market slowed, while there were risks to the outlook from the slowdown in emerging economies and the referendum on Britain's membership in the European Union.

Brainard is a voting member of the Federal Open Market Committee.

U.S. Treasury Secretary Jack Lew said in an interview with Reuters on Friday that there would be "very bad consequences" for China's economy if the country does not open its markets and rebalance its economy.

Frankly, if China takes a time-out or a step back on the reform agenda, that will have very bad consequences for China's economy and it will flow over and not be good in terms of our bilateral economic relations," he said.

USD/JPY 107.00 (USD 293m) 108.00 (434m) 108.70 (466m) 109.00 (1.07bln) 109.90-110.00 (563m) 110.50 (591m)

EUR/USD: 1.1000 (EUR 500m) 1.1100 (1.05bln) 1.1150 (398m) 1.1175 (318m) 1.1200 (1.03bln) 1.1250 (705m) 1.1300 (883m)

GBP/USD 1.4300 (GBP 190m) 1.4400 (287m) 1.4425 (250m) 1.4450 (181m)

AUD/USD 0.7100 (AUD 570m) 0.7170-75 (586m) 0.7200 (500m) 0.7250-55 (422m)

USD/CAD 1.2500 (USD 640m) 1.2800-10 (845m) 1.2850 (330m) 1.2900 (755m) 1.3000 (975m) 1.3050 (600m) 1.3100 (300m)

NZD/USD 0.6600 (NZD 394m)

AUD/NZD 1.0750 (AUD 350m)

EUR/USD

Resistance levels (open interest**, contracts)

$1.1496 (1578)

$1.1462 (1971)

$1.1436 (727)

Price at time of writing this review: $1.1342

Support levels (open interest**, contracts):

$1.1293 (1306)

$1.1240 (1285)

$1.1175 (1086)

Comments:

- Overall open interest on the CALL options with the expiration date July, 8 is 27577 contracts, with the maximum number of contracts with strike price $1,1500 (4368);

- Overall open interest on the PUT options with the expiration date July, 8 is 42041 contracts, with the maximum number of contracts with strike price $1,1000 (5317);

- The ratio of PUT/CALL was 1.52 versus 1.15 from the previous trading day according to data from June, 3

GBP/USD

Resistance levels (open interest**, contracts)

$1.4631 (455)

$1.4537 (678)

$1.4444 (365)

Price at time of writing this review: $1.4389

Support levels (open interest**, contracts):

$1.4272 (250)

$1.4175 (424)

$1.4078 (779)

Comments:

- Overall open interest on the CALL options with the expiration date July, 8 is 13655 contracts, with the maximum number of contracts with strike price $1,5500 (1492);

- Overall open interest on the PUT options with the expiration date July, 8 is 20977 contracts, with the maximum number of contracts with strike price $1,3500 (1640);

- The ratio of PUT/CALL was 1.54 versus 1.06 from the previous trading day according to data from June, 3

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1366 +1,89%

GBP/USD $1,4513 +0,68%

USD/CHF Chf0,9756 -1,53%

USD/JPY Y106,52 -2,18%

EUR/JPY Y121,08 -0,24%

GBP/JPY Y154,61 -1,47%

AUD/USD $0,7365 +1,91%

NZD/USD $0,6954 +2,11%

USD/CAD C$1,2938 -1,21%

(time / country / index / period / previous value / forecast)

01:00 Australia MI Inflation Gauge, m/m 0.1%

01:30 Australia ANZ Job Advertisements (MoM) May -0.8%

06:00 Germany Factory Orders s.a. (MoM) April 1.9% -0.5%

08:30 Eurozone Sentix Investor Confidence June 6.2 7.1

14:00 U.S. Labor Market Conditions Index May -0.9

16:00 U.S. Fed Chairman Janet Yellen Speaks

23:30 Australia AiG Performance of Construction Index May 50.8